Welcome to our dedicated page for Asure Software news (Ticker: ASUR), a resource for investors and traders seeking the latest updates and insights on Asure Software stock.
Company Overview
Asure Software Inc (NASDAQ: ASUR) is a technology-driven provider of cloud-based Human Capital Management (HCM) solutions designed to empower organizations by streamlining their workforce management processes. At its core, the company delivers a comprehensive suite of software-as-a-service (SaaS) offerings, integrating HR, payroll, tax management, time and attendance, benefits administration, and talent management. Focused on both small and mid-sized businesses, Asure Software enables clients to optimize their human capital strategies while ensuring operational compliance and efficiency.
Core HCM Solutions
Asure Software’s primary product suite, known as AsureHCM, is built on a robust, scalable cloud platform that delivers essential HCM tools including:
- HR Management: Streamlined solutions covering recruitment, employee records, performance management, and consulting services.
- Payroll and Tax Administration: Automated payroll processing integrated with cutting-edge tax management systems to help businesses remain compliant with evolving tax regulations.
- Time and Attendance: Innovative tracking systems that manage employee schedules, streamline timekeeping, and foster effective resource allocation.
- Benefits Administration and Talent Management: Tools designed to enhance employee engagement, streamline benefits, and guide talent acquisition strategies.
Comprehensive Platform Integration
Leveraging the SaaS delivery model, Asure Software collects, consolidates, and analyzes critical data points—ranging from people and time to physical assets—enabling businesses to effectuate strategic decisions based on accurate insights. This level of integration not only drives operational efficiency but also fortifies HR compliance efforts by minimizing manual errors and enhancing data integrity.
Market Position & Competitive Landscape
Operating in the competitive landscape of HCM solutions, Asure Software holds its ground through a unique focus on scalable, cloud-based offerings that are specifically designed for an agile workforce. By integrating innovative features such as AI-powered compliance mechanisms and seamless interoperability with established enterprise systems, the company differentiates itself from competitors by addressing both the operational and strategic needs of its client base. Its approach is characterized by a commitment to quality, regulatory compliance, and a clear demonstration of in-depth industry knowledge.
Innovation & Strategic Partnerships
The company continually evolves its platform through strategic acquisitions and valuable partnerships. Recent collaborations have expanded its capabilities in background screening services and applicant tracking, which enhance the recruitment process for small and mid-sized businesses. Moreover, its ties with technology leaders like AWS have enabled Asure to integrate artificial intelligence and machine learning enhancements into its payroll tax management and HR systems. These initiatives underline Asure Software’s commitment to leveraging technology to drive tangible improvements in HR functions and compliance assurances for its clients.
Key Features and Value Proposition
Asure Software’s offerings are characterized by several notable features that serve as its primary value propositions:
- Flexibility and Scalability: Tailored solutions that adapt to business growth while facilitating the digital transformation of HR processes.
- Enhanced Compliance: Built-in regulatory support and AI-augmented features that keep companies up-to-date with the latest legal requirements.
- Integrated Workforce Management: A unified platform that connects various facets of human resource operations, thereby reducing administrative burdens and enabling data-driven decision making.
- Cost-Effective SaaS Delivery: Cloud-based accessibility ensures that companies can access state-of-the-art HR tools without the burden of large capital expenditures.
Client Focus & Industry Applications
The versatility of Asure Software’s cloud-based HCM solutions allows it to cater to a diverse range of industries. Its client base spans from local and regional businesses to larger enterprises that require reliable, scalable, and secure HR management systems. By providing specialized HR compliance services and a high degree of collaboration between people, time, and assets, Asure Software not only meets but exceeds the operational expectations of modern businesses. Its platforms are designed keeping in mind the challenges of managing a global, mobile workforce, and they incorporate tools specifically engineered to support an agile, modern business environment.
Commitment to Expertise
With decades of cumulative experience in the HCM space, Asure Software places a strong emphasis on continuous improvement and innovation. Its industry experts consistently refine the product suite based on client feedback and evolving market trends, ensuring that every element of the platform meets high standards of efficiency, usability, and industry compliance. The integration of advanced analytical tools further demonstrates the company’s commitment to ensuring that its clients have actionable insights at their fingertips, thus reaffirming its dedication to building trust and authority within the HCM domain.
Industry Terminology & Approach
Throughout its operations, Asure Software employs key industry terminology such as cloud-based HCM solutions, SaaS delivery model, and workforce management to clearly communicate its business model to stakeholders. This commitment to clarity and precision reinforces its expertise and authoritativeness in the highly competitive field of human capital management.
Overall, Asure Software Inc represents a compelling example of how technology can be leveraged to revolutionize traditional HR functions. Its integrated, scalable, and technology-forward approach to HR and payroll solutions not only enhances operational efficiency but also provides businesses with the tools necessary to navigate the complexities of modern workforce management.
Asure Software (NASDAQ: ASUR) has announced a strategic AI partnership with Amazon Web Services (AWS) to enhance its Human Capital Management (HCM) software solutions. The collaboration, highlighted on AWS's machine learning blog, focuses on implementing advanced AI technologies, particularly through the integration of Amazon Q in QuickSight.
The partnership initially demonstrates improvements in call center operations, but aims to expand into multiple areas including:
- Predictive HR analytics
- Intelligent workforce management
- Personalized employee engagement platforms
- Advanced compliance monitoring
- Automated payroll processes
Asure's CTO, Yasmine Rodriguez, emphasized that this collaboration enables the company to explore and rapidly deploy AI-powered solutions that will reshape the HCM landscape, focusing on delivering enhanced insights, increased productivity, and operational efficiencies.
Asure Software (Nasdaq: ASUR), a cloud-based Human Capital Management (HCM) software solutions provider, has announced its participation in the 37th Annual Roth Conference taking place March 16-18, 2025, in Dana Point, CA.
Key highlights of the participation include:
- The management team will conduct one-on-one meetings with institutional investors throughout the conference
- CEO Pat Goepel will engage in a fireside chat with Roth analyst Richard Baldry on March 17, 2025, at 2:00 PM PT
Asure Software (Nasdaq: ASUR) reported its Q4 and full-year 2024 results, showing strong growth in recurring revenue. Full-year 2024 revenue reached $119.8 million, with recurring revenue growing 15% year-over-year to $114.5 million, now representing 96% of total revenues.
Q4 2024 highlights include revenue of $30.8 million (up 17% YoY), net loss of $3.2 million (improved from $3.6 million loss in Q4 2023), and Adjusted EBITDA of $6.2 million (up from $2.8 million). Excluding ERTC revenue, Q4 growth was 22% YoY.
Recent developments include a major multi-year agreement for Payroll and Payroll Tax Management solutions, the launch of Luna AI agent for payroll and HR management, and the appointment of Jay Whitehead as SVP to lead AsurePay™ Platinum VIP Banking and Marketplace businesses.
Asure Software (Nasdaq: ASUR), a cloud-based Human Capital Management (HCM) software solutions provider, has scheduled its fourth quarter and full year 2024 financial results announcement for March 6, 2025. The company will host a conference call at 4:30 p.m. Eastern time, led by Chairman and CEO Pat Goepel and CFO John Pence.
The financial results will be released via press release before the call. Investors can join through U.S. dial-in (877-407-9219) or International dial-in (201-689-8852) using confirmation code 13751651. The call will also be available via webcast on Asure's investor relations website, with a replay option provided.
Asure (NASDAQ: ASUR) has launched Luna, the first AI agent specifically designed for payroll and HR management. Unlike traditional AI chatbots, Luna can actively perform tasks within Asure's product suite, serving both employees and administrators. The AI agent can handle various HR and payroll tasks autonomously, from updating personal information to managing benefits elections and navigating tax and labor law changes.
Luna aims to simplify complex HR processes by guiding employees through necessary updates when life changes occur, such as marriage, which might require multiple system updates. The AI agent can facilitate these changes across different systems, reducing administrative workload. For businesses, Luna helps maintain regulatory compliance while allowing HR teams to focus on strategic initiatives rather than routine requests.
Asure (NASDAQ: ASUR) has appointed Jay Whitehead as Senior Vice President to lead its AsurePay™ Platinum VIP Banking card and Marketplace businesses. Whitehead, a seasoned executive with extensive experience in HR and pay technology, brings expertise from founding Human Resources Outsourcing Today magazine and leading various media and HR companies.
The appointment aligns with Asure's strategy to enhance its banking card services, particularly the AsurePay™ Platinum VIP Banking offering, which provides premium features comparable to cards requiring $75,000 deposit minimums. The initiative aims to extend high-end banking benefits to working individuals, especially focusing on non-exempt and underbanked workers.
CEO Pat Goepel emphasized that this strategic hire positions Asure to capitalize on significant opportunities in both the card and marketplace segments, serving their payroll client base of nearly two million employees.
Asure Software (Nasdaq: ASUR), a cloud-based Human Capital Management (HCM) software solutions provider, has announced its participation in the 27th Annual Needham Growth Conference on January 15, 2024, in New York. The company's management team will conduct one-on-one meetings with institutional investors throughout the event.
CEO Pat Goepel will engage in a fireside chat with Needham analyst Josh Reilly at 8:45 AM ET, which will be accessible via webcast on the Needham Conference website. Interested parties seeking additional information are advised to contact their Needham sales representative or Patrick McKillop, Vice President of Investor Relations at Asure Software.
Asure Software (Nasdaq: ASUR), a cloud-based Human Capital Management software solutions provider, has announced its participation in six major financial conferences during November and December 2024. The schedule includes the Craig-Hallum Alpha Select Conference, Roth Technology Conference, Stephens Annual Investment Conference, Needham SaaS Conference, TD Cowen's Human Capital Management Summit, and Northland Capital Markets Growth Conference. The events will feature one-on-one meetings, with some including fireside chats, taking place both in-person and virtually across New York, Nashville, and online platforms.
Asure Software reported Q3 2024 financial results with revenue of $29.3 million, nearly unchanged year-over-year. Notably, recurring revenue grew 20% to $28.6 million, representing 98% of total revenue compared to 81% in the prior year. The company reported a net loss of $3.9 million versus $2.2 million loss year-over-year. Key highlights include expansion of Payroll Tax Management product with new enterprise clients, HCM architectural improvements, and upcoming launch of AsurePay™ financial services. Management provided Q4 2024 revenue guidance of $30-32M and initiated FY2025 guidance of $134-138M.
Asure's Chairman and CEO, Pat Goepel, has been named the 2024 Best CEO of a Public Company by the Austin Business Journal. This recognition celebrates Goepel's outstanding leadership, strategic vision, and contributions to both Asure and the Austin business community.
Under Goepel's leadership since 2009, Asure has grown its annual revenue from $10.03M to $119M, transforming into a leading provider of cloud-based Human Capital Management (HCM) software solutions. The company has sustained double-digit revenue growth over the past three years, driven by Goepel's ability to capitalize on emerging technologies and market opportunities.
Goepel's leadership style combines strategic vision, hands-on management, and a commitment to fostering a unified company culture. He focuses on driving meaningful change while ensuring organizational alignment. Goepel expressed his honor at receiving the recognition, emphasizing that it reflects the success of the entire Asure team and the potential for future growth.
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